About the funniest thing I have heard in a long time
My so called liability (in your eyes) costs me about $8/day (rates ,insurance, maintenance) For that I get 3 bedrooms, 4 entertainment areas and well established gardens close to transport, CBD, shopping etc Its terrible I tell's ya.
The winners (in your eyes) if renting my place would pay me 9 X that, probably half of their wages each and every week to live here.
About the funniest thing I have heard in a long time
My so called liability (in your eyes) costs me about $8/day (rates ,insurance, maintenance) For that I get 3 bedrooms, 4 entertainment areas and well established gardens close to transport, CBD, shopping etc Its terrible I tell's ya.
The winners (in your eyes) if renting my place would pay me 9 X that, probably half of their wages each and every week to live here.
But you don't pay Insurance frank and have bragged about it many times saying that when your properties flood in depot hill its no trouble for you to clean them out. You also make out like water has never entered your properties, but we also know you buy the cheapest rubbish you can find and have also bragged that this maximises your returns. These cheap ones are the ones where water goes right through them but you would have people believe otherwise.
And if you were paying insurance, it would be minimum $5,000 a year as many insurance companies no longer Insure property at depot hill and the ones that do charge anything from around $5,000-$8,000 to Insure properties values around 100k. So if you actually paid insurance, your $8 a day costs you claim, would be be closer to triple this being $24 a day, as insurance for up there would come in at around $16 a day.
So you have no Insurance, I know you don't care about flooding and clean them out yourself evrytime they flood, almost every second year has been underwater in the last six or seven years.
But tell us what happens when one of your centerlink Tennant's ( another bragging right you claim gives you security as its paid by the government, us the taxpayer), but what happens when they burn the place down frank ?
You can still but junk houses there for cheaper than you paid ten years ago, that's Depot Hill frank. Has anywhere in Australia performed worse over the last ten years frank ? Doubt it, and tthat's where you bought all your cheap investment property. Ands rents are now also dropping there, with you telling us you recently dropped rent for the firsttime in ten years in a thread I started as an anonymous guest at the time.
If it makes you feel any better frank, I also dropped the rent on my Sydney IP a couple of weeks ago. First and only drop in over ten years, where on every single year I have owned it, the rent has risen every single year.
In my opinion, a lot of other opinions are short sighted regarding the rise and demise of property markets. All of you investor types, at the end of the day, and for some, at the end of their lives , are going to divide up their wealth and spend it on something. Ask yourself right now, what % of your total wealth, are you willing to outlay to have the lifestyle your after? For a lot of people, lifestyle is dictated by the suburb they live in, weather they own what they live in, having their kids go to the right school which often means living in a particular suburb etc etc.....
I am sure there are people out there, that rent their entire lives, and are happy to live within the confines and the rules of the other persons house for their entire lives, but that number is tiny, and most of those people have no choice in the matter. renting for periods of time while building wealther works too, but the endstate, is often you putting your wealth into a house for you or your family to live in...
Hence why Perth preperty will allways eventually go up.
In ten years times, people will be wishing they bought at todays prices. Just like they have for last 5 decades, even when interest rates were at a staggering 18%.
All of you investor types, at the end of the day, and for some, at the end of their lives , are going to divide up their wealth and spend it on something.
Or leave it as an inheritance.
dachopper
17 Oct 2014, 05:40 PM
Ask yourself right now, what % of your total wealth, are you willing to outlay to have the lifestyle your after?
The trick is to get yourself in a position where you can live off the income. Thereby not eating into "your total wealth".
dachopper
17 Oct 2014, 05:40 PM
For a lot of people, lifestyle is dictated by the suburb they live in, weather they own what they live in, having their kids go to the right school which often means living in a particular suburb etc etc.....
Living in the shittiest property I own in the shittiest suburb, whilst renting out the 'better' ones suits me just fine. (Though sure, each to their own.)
Guest
17 Oct 2014, 09:16 AM
But you don't pay Insurance frank and have bragged about it many times saying that when your properties flood in depot hill its no trouble for you to clean them out.
If Frank's bought sensibly in Rocky flood areas, he'll just maybe have bought high set old joints(?) that aren't built in underneath where the flood waters simply don't affect the home and contents, but merely flow underneath the joint. Not my cup of tea. But a mate of my old man's reckoned it was the go - You saved a shite load of loot on the purchase price that way. And didn't get greatly inconvenienced by it too often - Was his argument. (Again, a matter of each to his own perhaps?)
That wankers a lying fucktard herbie, I don't know why you bother. All of my properties are insured, with flood cover, but like you said those few in depot hill are high set so it has been nothing that a hose out under by the fire brigade doesn't fix and that has been twice in ten years - a few hours of inconvenience.
The property I was talking about in my earlier post was my ppor here in Brisbane, but the forum fucktard was to stupid to figure that out.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Correct me if I'm wrong, your living in the shitbox in the shit suburb now, so that you can one day live in and own the good house in the great suburb?
Correct me if I'm wrong, your living in the shitbox in the shit suburb now, so that you can one day live in and own the good house in the great suburb?
Nope. It is my personal intention to downgrade to an even shittier property. As doing so will make it just a bit more feasible that I'll be able to live off the income from my assets. And thereby leave a more sizeable inheritance to my heirs. (But that's just me personally; And each to their own as I said.)
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
That wankers a lying fucktard herbie, I don't know why you bother. All of my properties are insured, with flood cover, but like you said those few in depot hill are high set so it has been nothing that a hose out under by the fire brigade doesn't fix and that has been twice in ten years - a few hours of inconvenience.
The property I was talking about in my earlier post was my ppor here in Brisbane, but the forum fucktard was to stupid to figure that out.
So is some of your Ips located in flood prone areas or not ..is it known to flood?
Because if it is surely you would have issues with some insurers not covering the flooding stuff?
One insurers if you read their PDS carefully don't cover floods.
herbie
17 Oct 2014, 06:52 PM
Nope. It is my personal intention to downgrade to an even shittier property. As doing so will make it just a bit more feasible that I'll be able to live off the income from my assets. And thereby leave a more sizeable inheritance to my heirs. (But that's just me personally; And each to their own as I said.)
Yes Herbs it's each to their own situation..
We choose to live in the better quality residence than the Ips that we have.. Although 1 has ocean views, we've got river.
You've got no descendants We have We've set them up with some assistance & when we kark it will be distributed equally.
Hopefully your nieces/nephews do the right thing by you.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Hence why Perth preperty will allways eventually go up.
In ten years times, people will be wishing they bought at todays prices. Just like they have for last 5 decades, even when interest rates were at a staggering 18%.
Nail on the head mate. I remember people telling me in 2011 that perth was doomed and they were holding out. They held out in 2012, they held out in 2013....
Perth houses went up atleast $60k in that time. Great call retards.
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy